Chase Business Banking Wants To Lend …

SOURCE: www.516ADS.com

Chase announced plans to increase its lending to small businesses by up to $4 billion in 2010,boosting expected new lending to about $10 billion to this vital segment of the U.S. economy. The majority of new loans will be targeted to companies with sales of less than $10 million. While Chase continues to follow disciplined underwriting standards to confirm the businesses can afford the financing over the long term, Chase Business Banking is committed to try and help the client get financing. As a basic rule the business should meet the following requirements:

1. Minimum of 3 years in business
2. Business should show profit the previous year
3. Business owner’s personal credit should be at least 680

For more information, please contact:

JPMorgan Chase Business Banker, Jacques Jourdan – 516-355-2671

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